https://www.taxtmi.com/caselaws?id=178276 The Tribunal upheld the CIT(A)'s decision to delete additions for earlier years due to lack of specific evidence. For later years, it adjusted the net profit rate to 8% and reduced cash expenditure disallowance to 5%, ensuring a fair assessment based on the business nature and evidence. The decision emphasizes the need for specific evidence in making additions and disallowances in search assessments. en-us Wed, 29 Feb 2012 00:00:00 +0530 Sat, 29 Jul 2017 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178276 The Tribunal upheld the CIT(A)'s decision to delete additions for earlier years due to lack of specific evidence. For later years, it adjusted the net profit rate to 8% and reduced cash expenditure disallowance to 5%, ensuring a fair assessment based on the business nature and evidence. The decision emphasizes the need for specific evidence in making additions and disallowances in search assessments. Case-Laws Income Tax Wed, 29 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178276